Would it be a good idea to get a bridge loan to purchase property to fix and flip. I've heard of a bridge loan but never thought to get one until someone mentioned it to me as a way to purchase, flip and sell. I app...
Hello Everyone,My name is Evan. I'm a 33 year old real estate investor located in Baltimore, Maryland. Over the last few years I finally got over my fear of investing in real estate. I currently have 8 residential pr...
I recently purchase a house with cash for $214K. ARV for the area is $380K. I am left with little cash to pay for the renovation cost. The house needs a lot of work to make it sell quickly and will need a loan for $...
Hi!
I would love to get the ball rolling on investments- either fix/flip or rental units. Here Is our scenario:
We live in Southern California in a historical home (almost zero property tax) and very well protected ...
I'm new to real estate but I've read several books and done lots of research and I'm ready to jump in. I've saved 70k as a down payment.I'm most interested in long term rentals as a buy a hold investment but I'm open ...
I rent out a townhouse and the current tenant want to buy it. The property is worth about $185k and my current mortgage balance is around $150k @ 5.875%. Tenant has agreed to paying $210k at 6.5% with no down paymen...
Has anyone dealt with a low down renovation loan offered by a finicial institution other than fha 203k? I have a mortgage broker from Wells Fargo recommending their 3% down renovation loan over the 203k. I can't find ...
Hello - my husband and I just filed bankruptcy in the last month (Ch 13) to reorganize our debts. We got into the situation because I lost my job mid year 2015 and we have had to pay A LOT on our student loans and IRS...
So I'm looking at this deal structuring exercise and I'm interested how all you experts would structure this deal in a creative & profitable way. Exercise details are listed below.
Your Resources:
$15,000 Cas...
I am preparing to buy a multifamily home to owner occupy in the Salt Lake City area. Eighteen months ago, I had a sub-par credit score & very little savings. I realized that I wanted more for myself, so I worked h...